Transforming the Potash Industry in the US With a significant inferred resource of 279.5 million ton potash, a vital nutrient for agricultural productivity, Sage Potash (SGPTF SAGE.v) is committed to the responsible extraction and production of high-quality potash and is poised to deliver the US its own domestic supply.
There is a critical need for the US to establish a domestic supply of potash as the US currently relies on imports from Canada for 94% of its potash requirements, making this a significant market opportunity.
By developing a domestic potash source, Sage Potash aims to enhance the nation's self-sufficiency and reduce dependence on external sources.
Despite its modest market cap of only USD$13M, SAGE's Plains Project has the potential to be a Tier 1 deposit, standing out as the largest potash deposit in the US that is close to pilot production with a resource value exceeding $18 billion at the current pricing of $645/ton.
Covering an expansive area of over 88,000 acres of mineral leases and permit applications, SAGE's Plains Project is situated in Utah's Paradox Basin, renowned for its abundant and underdeveloped world-class potash resources
The projects PEA, expected in the second half of 2023, holds significant promise with pilot production expected to commence within the next 1-2 years. Initially, the project is expected to produce 50,000 tonnes per year with plans to scale up to 150,000 tonnes over a span of 20 years.
For more information, check out the top 10 reasons to invest in Sage and its substantial resource in the article, "Secure the Future of Food: Investing in Sage Potash": https://cleantechstocks.com/sagepotash
Posted on behalf of Sage Potash Corp.